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Leaning Tower of Pizza, Inc. is preparing its master budget for its first year of business. It expects to sell 6,000 pizzas at $7 per

Leaning Tower of Pizza, Inc. is preparing its master budget for its first year of business. It expects to sell 6,000 pizzas at $7 per pizza per month. It expects to collect 90% of the sales revenue in the month of the sale and 10% in the following month. Calculate its accounts receivable balance at the end of its first year.

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